Avalon Labs Burns 80 Million AVL Tokens

Avalon Labs, a fintech company focused on Bitcoin-backed capital markets, announced the permanent burning of 80 million AVL tokens. These tokens, worth approximately $16 million, were initially part of an airdrop campaign. According to the Avalon Labs Official Twitter Account, @avalonfinance_, “Avalon Labs has officially burned 80M $AVL, representing 44% of the circulating supply. These unclaimed airdrop tokens, worth approximately $16 million, have now been permanently removed from circulation. Over the past year, a total of $20M worth of $AVL has been claimed by…”